Canadian Imperial Bank of Commerce (NYSE:CM – Get Free Report) (TSE:CM) has been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $92.00.
CM has been the subject of several analyst reports. StockNews.com upgraded shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada upgraded shares of Canadian Imperial Bank of Commerce from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $97.00 to $103.00 in a research report on Wednesday, January 8th.
Get Our Latest Research Report on Canadian Imperial Bank of Commerce
Institutional Inflows and Outflows
Canadian Imperial Bank of Commerce Stock Up 2.2 %
Shares of NYSE:CM opened at $56.28 on Monday. Canadian Imperial Bank of Commerce has a one year low of $46.50 and a one year high of $67.45. The company has a 50 day moving average of $61.11 and a 200-day moving average of $62.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $53.03 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of 1.62 and a beta of 1.07.
Canadian Imperial Bank of Commerce Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a dividend of $0.6723 per share. This represents a $2.69 annualized dividend and a yield of 4.78%. The ex-dividend date is Friday, March 28th. Canadian Imperial Bank of Commerce’s payout ratio is 48.03%.
About Canadian Imperial Bank of Commerce
Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.
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